The Latest Breaking News from International Monetary Fund

Cut to global forecast largely reflects downward revisions to US and China outlooks.

Washington (AFP) - Global equity markets that have see-sawed in recent weeks but show signs of "overvaluation" are at risk of a sharp correction as major central banks raise interest rates, a top IMF official said Tuesday.

Company hopes vaccine will be ready for approval by March; UK reports 439 deaths and more than nearly 95,000 cases

The International Monetary Fund will present an updated macroeconomic framework to all of Chad's creditors by the end of January, an IMF spokesperson said on Monday, amid pressure for creditors to finalize a debt restructuring plan with the African country.

The Lebanese cabinet met on Monday for the first time since October, convening after Iranian-backed Hezbollah ended a boycott but with the powerful group and others objecting to a draft budget that was the main agenda item. With Lebanon mired in one of the world's sharpest financial crises, Prime Minister…

The Lebanese cabinet met on Monday for the first time since October, convening after Iranian-backed Hezbollah ended a boycott but with the powerful group and others objecting to a draft budget that was the main agenda item.

Lebanon’s government is holding its first meeting in three months to discuss the budget as talks with the International Monetary Fund over the country’s economic meltdown were poised to continue

Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity

Lebanese officials will start talks with the International Monetary Fund on Monday, an official government source told Reuters. An IMF spokesperson also told Reuters on Saturday that a team will start virtual talks with Lebanese authorities next week. The Lebanese government has said it hopes to reach an initial agreement…